Markets
Futures positioning
| Market | Exchange | Net position | Weekly change | Change (σ) | % of OI | Commercial net | 3-year percentile | 52 weeks |
|---|---|---|---|---|---|---|---|---|
| Energy | ||||||||
| WTI Crude Oil | NYMEX | +80,289 | +5,946 | +0.3 | +4.2% | −111,277 | 13 | |
| Natural Gas (Henry Hub) | NYMEX | −258,863 | −3,699 | −0.1 | −15.4% | +243,049 | 0 | |
| RBOB Gasoline | NYMEX | +68,151 | −3,314 | −0.5 | +21.3% | −76,931 | 71 | |
| NY Harbor ULSD | NYMEX | +5,464 | −4,207 | −1.0 | +2.2% | −18,646 | 29 | |
| Metals | ||||||||
| Gold | COMEX | +179,548 | −6,903 | −0.5 | +45.0% | −204,902 | 22 | |
| Silver | COMEX | +21,251 | +1,548 | +0.7 | +18.4% | −34,756 | 4 | |
| Copper | COMEX | +37,710 | −10,607 | −1.4 | +11.5% | −41,923 | 51 | |
| Platinum | NYMEX | +6,665 | −2,629 | −1.4 | +7.3% | −9,256 | 7 | |
| Agriculture | ||||||||
| Corn | CBOT | +137,595 | −63,677 | −1.1 | +7.2% | −137,516 | 67 | |
| Soybeans | CBOT | +163,618 | −40,501 | −1.5 | +17.1% | −143,478 | 76 | |
| Wheat (SRW) | CBOT | −62,538 | −11,776 | −0.8 | −11.7% | +64,325 | 34 | |
| Sugar No. 11 | ICE US | +185,473 | −16,123 | −0.8 | +15.6% | −229,348 | 95 | |
| Coffee C | ICE US | +11,956 | −4,593 | −0.9 | +7.2% | −13,915 | 3 | |
| Cocoa | ICE US | −9,267 | −1,425 | −0.3 | −5.2% | +8,124 | 20 | |
| Cotton No. 2 | ICE US | +76,198 | −6,280 | −0.9 | +19.6% | −77,366 | 77 | |
| Livestock | ||||||||
| Live Cattle | CME | +30,841 | −4,044 | −0.5 | +10.7% | −23,839 | 9 | |
| Lean Hogs | CME | −81,035 | +1,326 | +0.5 | −25.0% | +80,474 | 2 | |
| Currencies | ||||||||
| Euro FX | CME | −157,791 | −13,897 | −0.4 | −18.0% | +124,851 | 0 | |
| Japanese Yen | CME | +102,321 | +730 | −0.0 | +26.9% | −103,167 | 86 | |
| British Pound | CME | −59,821 | +19,593 | +1.5 | −24.4% | +68,999 | 16 | |
| Canadian Dollar | CME | −41,775 | +24,649 | +1.2 | −12.0% | +49,384 | 80 | |
| Australian Dollar | CME | −129,457 | −1,142 | −0.0 | −39.4% | +112,683 | 0 | |
| Swiss Franc | CME | −16,589 | +3,460 | +0.9 | −12.5% | +29,792 | 92 | |
| Mexican Peso | CME | +18,017 | −2,826 | −0.2 | +6.4% | −18,261 | 11 | |
| New Zealand Dollar | CME | −60,015 | −2,325 | −0.2 | −45.3% | +62,729 | 2 | |
| U.S. Dollar Index | ICE US | +14,190 | +69 | −0.2 | +28.9% | −16,414 | 77 | |
| Rates | ||||||||
| U.S. 10-Year Note | CBOT | −962,359 | +19,179 | +0.3 | −16.2% | +927,242 | 7 | |
| U.S. Treasury Bond | CBOT | −9,097 | +10,041 | +0.3 | −0.5% | −63,054 | 86 | |
| Equity index | ||||||||
| E-mini S&P 500 | CME | −129,414 | +4,954 | +0.1 | −6.5% | +5,195 | 37 | |
Net position = non-commercial long − non-commercial short, futures only (CFTC Legacy report), in contracts. Positions are as of each Tuesday and are normally published the following Friday. Percentile is the mid-rank of the latest value within the trailing 156 weekly reports; it is not shown until at least 52 weeks of history exist. Change (σ) is the latest weekly change divided by the standard deviation of the prior 52 weekly changes (|σ| ≥ 2 in bold). Commercial net = commercial long − commercial short. Source: U.S. Commodity Futures Trading Commission. Calculations: EveryIntel. Not investment advice.
Research
Recent positioning findings
- Positioning extrememarketsNew Zealand Dollar: speculative net positioning in 2nd percentile of 3-year range
Non-commercial traders were net short 60,015 New Zealand Dollar futures contracts as of 2026-11-03, the 2nd percentile across 156 weekly reports.
- Positioning extrememarketsAustralian Dollar: speculative net positioning at 3-year low
Non-commercial traders were net short 129,457 Australian Dollar futures contracts as of 2026-11-03, the lowest net reading across 156 weekly reports.
- Positioning extrememarketsEuro FX: speculative net positioning at 3-year low
Non-commercial traders were net short 157,791 Euro FX futures contracts as of 2026-11-03, the lowest net reading across 156 weekly reports.
- Positioning extremecommoditiesLean Hogs: speculative net positioning in 2nd percentile of 3-year range
Non-commercial traders were net short 81,035 Lean Hogs futures contracts as of 2026-11-03, the 2nd percentile across 156 weekly reports.
- Positioning extremecommoditiesCoffee C: speculative net positioning in 3rd percentile of 3-year range
Non-commercial traders were net long 11,956 Coffee C futures contracts as of 2026-11-03, the 3rd percentile across 156 weekly reports.
- Positioning extremecommoditiesSugar No. 11: speculative net positioning in 95th percentile of 3-year range
Non-commercial traders were net long 185,473 Sugar No. 11 futures contracts as of 2026-11-03, the 95th percentile across 156 weekly reports.